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Showing 41 - 50 of 1100 results for "Notice"

HESTA pays $40k fine for greenwashing

ELIZA BAVIN  |  THURSDAY, 6 NOV 2025
... members regarding how we are addressing climate change as a material financial risk." ASIC said payment of an infringement notice is not an admission of guilt or liability. ASIC also confirmed today that Prime Super paid a penalty of $18,780 after it ...

Prime Super fined over tobacco exclusion claims

JAMIE WILLIAMSON  |  THURSDAY, 6 NOV 2025
... entirely" manufacturers of tobacco products when it had indirect holdings in six companies. ASIC issued an infringement notice to the $8 billion super fund over misleading statements made in its 2023 annual report. The fund claimed manufacturers of tobacco ...

First Mutual Private Equity gambled $80m of investor funds: ASIC

ANGELIQUE MINAS  |  MONDAY, 3 NOV 2025
... on October 31, Cotton and FMPE are still prevented from transferring money from any of the frozen accounts until further notice. Financial Standard understands that the funds offered by FMPE were being sold by a group of unlicensed representatives that ...

Feature: Group insurance | Cold comfort

MATTHEW WAI  |  WEDNESDAY, 22 OCT 2025
... flexible document pathways; remove unnecessary barriers." Au notes that super funds must provide beneficiaries with written notice within 28 days if more than one party claims the benefit, or if an objection is lodged against the trustee's decision. ...

Equity Story to raise $3.5m to enter property sector

RIDDHIMA TALWANI  |  THURSDAY, 16 OCT 2025
... acquisition of the business and assets of Baker Young were not satisfied by 30 September 2025. Equity Story has given Baker Young notice of the termination of the agreement." In April this year, it was in talks to acquire the Adelaide-based advisory ...

Morningstar calls out platform TDPs' use of rebates

KARREN VERGARA  |  MONDAY, 13 OCT 2025
... fee reductions are no doubt welcome for members (certainly more so than fee increases!), APRA has since put trustees on notice - the regulator will engage with relevant platforms about the need for a persistent improvement in investment performance ...

Clime gains ground on culture, business model reset

KARREN VERGARA  |  FRIDAY, 3 OCT 2025
Not done with pulling Clime Investment Management out of the red, managing director Michael Baragwanath's bold plans to turn the ship around entail a product and culture overhaul, and even giving away his short-term incentives (STI) to staff. After ...

Rest pays $40k over misleading statements

JAMIE WILLIAMSON  |  MONDAY, 29 SEP 2025
ASIC issued two infringement notices to the industry fund for misleading statements it made after charging more than 2000 members for insurance cover they were not supposed to have. The regulator said Rest made false or misleading representations in ...

GIM director slapped with travel restraints

KARREN VERGARA  |  WEDNESDAY, 24 SEP 2025
... about its knowledge or investigation into the potential collapse of another managed investment scheme. A significant event notice sent to investors by responsible entity Cache Group shows that it became aware of "potential financial irregularities" in ...

ASIC appoints new chair, deputy chair and members to MDP

RIDDHIMA TALWANI  |  WEDNESDAY, 17 SEP 2025
... governance as chair of the MDP over the last nine years." ASIC refers any breaches that can be resolved with an infringement notice to the MDP and the sitting panels independently make decisions on the matter. The panel can specify a financial penalty ...